Writing professional business plan is a difficult task. A writer has to have a strong background in the real business. At the same time, an author has to be an experienced writer. And it is quite hard to find such a person.
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Subject of the call Please choose the reason of your request Order placement Payment and authorization Quality of my order General question. Your order ID or. Your customer ID or. Please indicate your name. Buying an existing business and its business plan is a viable option for starting your own business, but careful and educated research into all operational reports and financial statements is essential.
When buying the business, the business plan should be included in the purchase price and is not an add-on expense under normal circumstances. As the prospective business buyer, you must carefully analyze the existing business plan and be certain that it includes accurate and realistic information. The plan must have been followed by the current owner to be current and valid, and should reflect your idea of how the business should be run in the future.
Obtain a copy of the business plan and go over every element with the owner for verification and clarification. The current business plan does not necessarily have to stay in place when you buy a business, and you may wish to modify it to meet your own goals and objectives. Obtain and study copies of all financial statements, tax returns and related documents for the past three to five years to verify income, taxes, expenses and other financial claims.
Work at the business for a period of time to be sure that the business is right for you and to familiarize yourself with the customers and operations. Use this firsthand experience to back up and verify operations and income claims in the business plan and financial statements.
Hire a business attorney to draft all purchase agreements and contracts. Purchasing a business requires legal expertise only an attorney can provide and will ensure that contract clauses and other elements are included to protect your interests. Hire an accountant as well to assist with the business purchase.
Obtain financing through your lender of choice. Your lender will tell you what documents are necessary for the loan package. Consider using a local bank that knows the local business environment and can offer ongoing, in-person customer service. Be sure all taxes, licenses, permits, inspections and other local, state and federal requirements are up to date at the time of the sale.
This is another valid reason for hiring an attorney and an accountant for your business purchase.
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Dec 12, · If all goes well, you and the business owner will agree on a fair price as well as other aspects of the purchase, such as which assets you will buy and the terms of payment—most often, businesses are purchased on an installment plan with a sizable down payment/5(2). Dec 12, · Plan for a new business or an existing one? As you plan for the business you purchase, you start by making an important choice: business plans can be either for startup new businesses or for already-existing and ongoing business. When you buy a business from somebody else, either option is acceptable. This is a choice you make/5(4).
The creation of a formal business plan is an often overlooked step in the process of buying a business. Though the company you want to buy may already be up and running, establishing a well. Buy business plans written by totaly-free-intamate-adult-dating-2016.tk authors. Contact our managers today! You won’t be ashamed of showing your business plan to partners, clients or representatives of other organizations.